· laojimin to fund company open letter · 2011.04 Fund will cast ranking concern often WINS Fund adjusting warehouse policy in Shanghai and Hong Kong cooperation ETF as soon as possible mutual hanging a shares industry leading case troubles Fund profit selling private see empty emotional douzeng 120 days wound up 15 only Fund annual ranking huyou mostly small QFII related supporting has preliminary completed national day Xin months site revealing three quarter layout opportunity in day Shanghai Securities Exchange and Hong Kong Exchange joint held of ETF and the other index products development seminar Shang, Wang Lin said, for support Hong Kong away from Bank RMB Center construction, promoting RMB internationalization process, SFC in conjunction with the Central Bank, and Exchange Council on mainland fund company, and securities company Hong Kong subsidiaries in Hong Kong raised RMB funds for territory investment business (is so-called "small QFII") for seriously research, and and Hong Kong SFC, and Hong Kong cross by on sources, and products mode, and investment operation, details for depth discussion, related supporting system has preliminary completed
, Related departments continue to improve.
Now established in Hong Kong Securities and Futures Commission has approved 13 fund company subsidiary, 9 of them have received asset management licence issued by the SFC in Hong Kong, 8 company has issued fund products, including 3 public placement Fund products. K c CHAN, the Secretary said Hong Kong financial services and the Treasury, since Hong Kong and the Mainland signed CEPA agreement, cross-listed ETF Statute has been implemented in both places. As regards the timetable for the launch of ETF products across the border, Director of product development Department of Shanghai Stock Exchange Zhao Xiaoping said, "is now barrier does not exist, should be introduced before the end". As Hong Kong ETF is implementing "T+2" Japanese settlement mechanism, so the first launch of ETF products across the border is the "T+2" settlement forms. It is understood that the first ETF products across the border and the Hong Kong stock index-linked.
Cross-border fund companies in the Mainland are currently preparing the market value of ETF products are the Hang Seng Index ETF and the Chinese-funded enterprises ETF. A participant at the meeting revealed that ETF fund companies across the border from the Mainland will use the funds obtained the approval of the Exchange Council's QDII exchange lines. Exchange Council has committed, once the Mainland cross-boundary ETF listing active trading, purchase, more funding, will ensure corresponding increase in the amount of QDII, avoid "forced air".
